Compromise Agreement
Bromley Compromise Agreement Solicitors
Stop disputes before they stop you
Employment disputes are costly for businesses. They attract unwanted attention to your business. Money is wasted on resolving them. Productivity can be affected even further if your business is going through lean times and you are forced to make redundancies, as is common up and down the country at the moment.
The primary purpose of compromise agreements is to pre-empt disputes and stop them from slowing your business down. Employment tribunals, rightly or wrongly, are often weighted in favour of the employee to encourage access for all. You cannot, for example, recover costs from an employee even if judgement in your favour is given. By offering a compromise agreement, you are stopping a dispute before it stops you.
When and where compromise agreements are used
Compromise agreements are generally used following the termination of employment where the employee has a fairly strong legal claim. Naturally, you will see compromise agreements used for:
- Redundancies
- Employees not returning to work after maternity leave
- Employees who are medically unfit to work
- Employees who have left due to one grievance or another
Please contact Bromley solicitors to find out whether your situation merits the use of a compromise agreement or not.
Content is king
Compromise agreements are approved for use by statutory law and can look very similar to one another as certain statutory obligations have to be fulfilled.
To extract a promise from your employee to not pursue legal claims against you at employment tribunal claims, you will have to offer a sum of money and other benefits. We can advise you the the lower and higher rates that are offered in situations relevant to your business.
Comprehensive compromise agreement advice
Bromley solicitors provides a comprehensive range of compromise agreement related services, including:
- Drafting compromise agreements
- Negotiating compromise agreements
- Advice on pension issues
- Advice on restrictive covenants
- Advice on confidentiality agreements
- Advice on tax issues
Local solicitors for local businesses
If you are thinking of using a compromise agreement and want local advice conveniently delivered on your doorstep, get in touch with Bromley solicitors today.